Sancus Lending Group Limited Directorate Change (5026A)
02 Junio 2021 - 1:00AM
UK Regulatory
TIDMLEND
RNS Number : 5026A
Sancus Lending Group Limited
02 June 2021
2 June 2021
Sancus Lending Group Limited
(the "Company" or the "Group")
Directorate Change
The Company announces that, following the successful
restructuring and refinancing of the Group, Andy Whelan has
resigned as Chief Executive Officer and director of the Group.
Mr Whelan will continue to carry out his role as Chief Executive
Officer and director until 30 June 2021 in order to facilitate an
orderly transition with Rory Mepham who will assume the role of
interim Chief Executive Officer on that date.
Mr Mepham has extensive experience in corporate finance, capital
raising, debt finance, asset and fund management and property
development. Mr Mepham currently has responsibility for the funding
and origination parts of the business, having joined the Group in
January 2021.
Dan Walker will assume the role of Deputy Chief Executive
Officer with immediate effect. Mr. Walker currently acts as Chief
Operating Officer of the Group and Managing Director of Sancus UK,
having joined the Group in January 2018. Mr Walker spent over 6
years at Linklaters before joining Lloyds for 10 years as Director
of the Strategic Transactions group. Mr Walker has led the
development of the Sancus UK business which is a key growth area
for the Group.
Mr Mepham and Mr Walker will not become directors of the Company
at this time but will report to the Board . The Board is actively
considering succession planning arrangements and a further
announcement will be made in due course.
Patrick Firth, Non-Executive Chairman of the Company, said: "I
would like to record my thanks to Andy for his dedication to the
Company over a number of years and in particular his significant
efforts in helping to secure the recent refinancing."
This announcement contains inside information for the purposes
of Article 7 of the UK version of EU Regulation 596/2014 which
forms part of UK law by virtue of the European Union (Withdrawal)
Act 2018, as amended ("MAR"), and is disclosed in accordance with
the Company's obligations under MAR.
For further information, please contact:
Sancus Lending Group Limited
Patrick Firth
+44 (0)1481 755530
Liberum Capital (Nominated Adviser and Corporate Broker)
Chris Clarke
Edward Thomas
+44 (0) 20 3100 2190
Instinctif Partners (PR Advisor)
Tim Linacre/Lewis Hill
+44 (0)207 457 2020
Praxis Fund Services (Company Secretary)
Matt Falla
Katrina Rowe
+44 (0)1481 755530
LEI: 213800S2XOO3YSEGCA26
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END
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